# 1806 Main Street, Gowrie, IA 50543

> **TL;DR:** 12bd/8ba residential multi family, $499,900 ($54/sqft), 9,214 sqft.
> A/C. Est. $2,674/mo. Listed 242 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $499,900 |
| Price/sqft | $54 |
| Bedrooms | 12 |
| Bathrooms | 8 |
| Square Feet | 9,214 |
| Lot Size | 49,658 sqft (1.14 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 242 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,528 |
| Estimated Insurance | $146 |
| **Total** | **$2,674** |

## Key Amenities

- A/C

## Property Highlights

- 1.14 acre lot
- 17 parking spaces

## Description

### Agent Description
Huge new improvements happening now!! Quiet Cove: Well-maintained 11-unit multifamily in Fort Dodge, IA-10 one-bedroom + 1 two-bedroom units in excellent condition. 10 units leased (90.9% occupancy) generating steady income; 11th under remodel (new flooring) for quick market-rate re-rental-immediate upside. On >1 acre with: 1814 storage/conference room, community room w/ kitchen & bath (potential 12th unit conversion, subj. to approvals), on-site laundry (2W/2D), 17 dedicated parking spots. Low-maintenance cash flow in quiet community. Pro forma at 90.9% occ.: rents $73,582 + misc $8,470 = $82,052 gross. Expenses: known $26,434 + 10% mgmt ($8,205), 6% maint ($4,923), 5% contract (snow/lawn, $4,103) = $43,665 total; NOI $38,387; 8.35% cap rate at $459,900 ask. Come take a tour today.

## Location

- **Address:** 1806 Main Street, Gowrie, IA 50543
- **County:** Webster
- **Coordinates:** 42.283536, -94.299339
- **Google Maps:** https://www.google.com/maps?q=42.283536,-94.299339

## Virtual Tour & Media

- **Video Tour:** tour.usamls.net/1806-Main-Street-Gowrie-IA-50543/unbranded

## Listing Agent

- **Name:** Scott Underberg
- **Brokerage:** Connections Real Estate Group PLLc
- **Broker Phone:** (515) 576-5703
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1806-Main-St_Gowrie_IA_50543_M91228-72250?f=listhub&s=FDBORIA&m=28713&c=propsimple)

## Photos

![1806 Main Street - Photo 1](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f438322139r.jpg)

![1806 Main Street - Photo 2](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f2676570354r.jpg)

![1806 Main Street - Photo 3](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f1002208151r.jpg)

![1806 Main Street - Photo 4](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f3545177358r.jpg)

![1806 Main Street - Photo 5](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f1624815969r.jpg)

![1806 Main Street - Photo 6](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f1937092336r.jpg)

![1806 Main Street - Photo 7](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f3703448079r.jpg)

![1806 Main Street - Photo 8](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f3733554452r.jpg)

![1806 Main Street - Photo 9](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f1227583664r.jpg)

![1806 Main Street - Photo 10](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f325708340r.jpg)

![1806 Main Street - Photo 11](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f1915231889r.jpg)

![1806 Main Street - Photo 12](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f386743293r.jpg)

![1806 Main Street - Photo 13](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f180528876r.jpg)

![1806 Main Street - Photo 14](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f1359547940r.jpg)

![1806 Main Street - Photo 15](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f2562148200r.jpg)

![1806 Main Street - Photo 16](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f383682870r.jpg)

![1806 Main Street - Photo 17](http://lh.rdcpix.com/bca3a3d16d822f7d077d7d9aaebe3cb2l-f1846915983r.jpg)

---

**MLS#:** 28713 | **Updated:** 2026-10-27
**Source:** listhub

*Copyright © 2026 Fort Dodge Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1806-main-street-gowrie-ia-50543-ab2c0b12e1064724bfdb1deff2d04795)

---

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